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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 10, 1919
Page
11
The Burkburnett oil field is described as a world attention grabbing phenomenon with vast fortunes for investors. The piece notes major interest from the Saturday Evening Post, widespread U.S. visitors, and claims of millions made and to be made in this field.
A company notes its Burkburnett lease near the Humble well now yields about 2500 barrels per day. After selling the balance of stock, they will begin building their rig and erecting a derrick. Stockholders with 25 or more shares may inspect company records at any time.
An investment pitch touts a conservative deal on a 10 acre lease in Burkburnett's Proven Field, near three producing wells. The plan envisions ten wells with stockholders deciding on further drilling, offering a dollar of oil value for each dollar invested.
A group of seasoned traveling salesmen announces the formation of a company aimed at profit from production and offers stock to investors. Half the stock is already subscribed by the salesmen and their acquaintances. they predict rapid full subscription and urge readers to mail in a coupon and payment promptly.
OFFICERS C. C. Webb, President. J. B. Reighard, Vice President. Ethel Wade, Secretary, Legal Adviser. T. C. Dunn, Attorney, Depository, Farmers and Mechanics National Bank.
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